Single-family home sales in Connecticut increased more than 25 percent in April compared to the same month a year ago, representing the fourth consecutive year-over-year increase.
Nearly 1,950 houses sold statewide, up from 1,550 in April 2011 according to the Boston-based Warren Group, publisher of The Commercial Record. Year-to-date sales are up almost 11 percent to just over 6,100 homes.
Condominium sales also increased, rising 14 percent in April from a year earlier to just over 500 units sold.
The median home and condo prices, however, both dropped in April.
“Low mortgage rates and an improving job market in Connecticut are encouraging buyers to enter the market,” said Timothy Warren Jr., CEO of The Warren Group, in a written statement. “It looks like the months ahead will continue to be positive as the strong spring and summer market heats up. Typically, June is the biggest month of the year for real estate closings.”
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